321Class02-Financial%20Statements0 - Financial Statements...

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Financial Statements in Annual Report Balance Sheet Income Statement “Statement of Earnings” “P&L” Statement of Cash Flows Statement of Shareholder’s Equity Auditors’ Report Notes Management Discussion & Analysis (MD&A)
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Organizations & Policy Federal Law Congress, Courts Sarbanes-Oxley Act of 2002 Created PCAOB Securities and Exchange Commission (SEC ) Financial Standards Accounting Board (FASB) General Accepted Accounting Principles (GAAP) International Accounting Standards Board (IASB) Public Accounting Oversight Board (PCAOB)
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Relationships © 2007 by Fraser, L. & Ormiston, A. from Understanding Financial Statements
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SEC Required Statements 10-K Annual Report 10-Q Quarterly Report 8-K Event Report
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SEC 10-K Required Components © 2007 by Fraser, L. & Ormiston, A. from Understanding Financial Statements
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© 2007 by Fraser, L. & Ormiston, A. from Understanding Financial Statements
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© 2007 by Fraser, L. & Ormiston, A. from Understanding Financial Statements
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© 2007 by Fraser, L. & Ormiston, A. from Understanding Financial Statements
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© 2007 by Fraser, L. & Ormiston, A. from Understanding Financial Statements
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© 2007 by Fraser, L. & Ormiston, A. from Understanding Financial Statements
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© 2007 by Fraser, L. & Ormiston, A. from Understanding Financial Statements
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The Value of Financial Statements Public Disclosure Internal Reporting “for better management” Financial Position Operational Success Policies & Strategies of firm Record of past performance and, Insight into possible future performance
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Ratio Analysis
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